Hsinchu, Taiwan, May 8, 2018 – GWC today announced financial results for the first quarter ended March 31, 2018: consolidated revenue of NT$13.91 billion, gross profit of NT$5.02 billion, operating profit of NT$3.92 billion, net income attributable to the parent company of NT$2.77 billion with an EPS of NT$6.36, over half of the EPS of NT$12.68 for the full year 2017.
Gross margin for the quarter was 36.2% while operating margin was 28.2% and net profit margin was 20.0%. GWC is now holding a larger amount of cash on hand beyond its debts to the bank.
Year over year, first quarter revenue increased 31.5% while gross margin increased 137.1% and operating margin increased 266.7%. Net profit margin is almost sevenfold growth with EPS rising by NT$5.41 compared with NT$0.95 for the corresponding period of 2017.
Driven by the strong demand of semiconductor industry, the silicon wafer market is expected to grow continuously in the second half of 2018 with an optimistic market visibility all the way to the year 2020.